Centrus Energy Correlations
| LEU Stock | USD 74.28 1.69 2.22% |
The current 90-days correlation between Centrus Energy and Denison Mines Corp is 0.52 (i.e., Very weak diversification). The correlation of Centrus Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Centrus Energy Correlation With Market
Modest diversification
The correlation between Centrus Energy and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centrus Energy and DJI in the same portfolio, assuming nothing else is changed.
Centrus |
Moving together with Centrus Stock
Moving against Centrus Stock
| 0.48 | VIVK | Vivakor | PairCorr |
| 0.46 | EP | Empire Petroleum Corp Earnings Call This Week | PairCorr |
| 0.36 | HP | Helmerich and Payne | PairCorr |
| 0.31 | DLNG | Dynagas LNG Partners | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Centrus Stock performing well and Centrus Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Centrus Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DNN | 2.93 | (0.48) | 0.00 | (0.57) | 0.00 | 4.62 | 30.33 | |||
| UUUU | 2.78 | (0.48) | 0.00 | (0.56) | 0.00 | 5.50 | 20.18 | |||
| EU | 3.80 | (0.62) | 0.00 | (0.39) | 0.00 | 5.81 | 54.93 | |||
| URG | 2.88 | (0.42) | 0.00 | (0.48) | 0.00 | 6.10 | 24.40 | |||
| CCJ | 2.26 | (0.27) | 0.00 | (0.30) | 0.00 | 3.74 | 20.31 | |||
| UEC | 3.03 | (0.50) | 0.00 | (0.58) | 0.00 | 6.47 | 26.04 | |||
| SRUUF | 1.70 | (0.35) | 0.00 | (5.36) | 0.00 | 3.91 | 14.02 | |||
| NXE | 2.64 | (0.59) | 0.00 | (0.59) | 0.00 | 4.80 | 26.34 |